TECH CRUNCH - Meta has been compelled by the German Federal Cartel Office (FCO) to introduce an account center that allows users of its social networking services to decide whether their data is combined across platforms or not. However, the FCO has expressed dissatisfaction with the account center, emphasizing that users' decision is not entirely free. The account center rollout will begin globally, driven by the German authority's influence.
Meta's Privacy Concession in Germany: User Choice Over Cross-Site Tracking
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KeepOnSharing: New Social Media Platform Offers Revenue-Sharing and Privacy Protection
EIN NEWSWIRES - KeepOnSharing (KOS) is a disruptive social media platform that rewards users for sharing content and participating in the marketplace. It prioritizes user privacy, never selling or sharing data. With a revenue-sharing model, users are treated as partners, receiving 50% of the revenue and earning from referrals. KeepOnSharing also supports charitable causes through its non-profit foundation.
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LinkedIn Introduces ID Verification for Indian Users
IANS - LinkedIn has launched an ID verification feature for its Indian users. The verification process involves validating the user's government-issued ID through LinkedIn's verification partners, including HyperVerge in India. This feature is accessible to users with a valid Aadhaar number and Indian phone number. The platform assures users that no sensitive data from their Aadhaar is accessed.
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Atly CEO: Gen Z Taps Social Networks for Restaurant Discovery
PYMNTS - As younger generations increasingly rely on social platforms for restaurant recommendations, existing tools often lack the specificity consumers seek. Atly, a new social media mapping platform aims to address this challenge. By combining social expertise with a purpose-built tool, Atly provides more trustworthy and specific restaurant recommendations. Attracting younger consumers is crucial, and Atly offers a solution to navigate the frustrations of existing platforms.
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TikTok Introduces Series to Help Creators Earn Money
MASHABLE - TikTok is rolling out a new feature called Series that allows eligible creators to monetize their content directly on the app. Creators can create collections of up to 80 premium videos and set their own price for access. For a limited time, creators will receive 100% of the earnings. Users can purchase access to the collections through in-video links or a creator's profile.
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Zigazoo: App for All Ages Launches to Promote Nontoxic Social Media
KBZK - Montana's ban on TikTok has led to the emergence of Zigazoo, a new app open to all ages. Positioned as a nontoxic social media alternative, Zigazoo promotes a supportive environment free from trolls. The app, initially designed for children, expanded to include users of all ages on May 31. The platform prioritizes moderation, age-appropriate content, and video responses to foster positivity and counteract bullying.
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TradingView Partners With Dow Jones for Real-Time Market News
BUSINESSWIRE - TradingView partners with Dow Jones Newswires to bring real-time market news to its platform. Users will have access to premium coverage and analysis from Dow Jones Newswires, including updates on global markets, economies, and expert insights. The integration also includes news and insights from The Wall Street Journal, Barron's, and MarketWatch.
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BitNile Metaverse's Platform Begins Generating Revenue
BUSINESSWIRE - BitNile Metaverse's platform, BitNile.com, has started generating revenue through the sale of in-world coins for social gaming and immersive advertising. The introduction of coin packages and the release of roulette on the platform have contributed to revenue growth. The platform's advertising ecosystem offers marketers access to an engaged audience.
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Federal Contractors Banned From Using TikTok
GOVCONWIRE - The Defense Department, NASA, and the General Services Administration have issued a rule banning the use of TikTok by federal contractors. The ban applies to certain equipment used in federal contracts and includes devices owned by the government, contractors, and employees. Personally-owned devices unrelated to the contract are exempt. The rule implements a provision in the omnibus spending bill prohibiting U.S. government use of TikTok.
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Blockchain Startup Oxalus Raises $1.1M for NFT Social Commerce Expansion
ASIA TECH DAILY - Vietnamese blockchain startup Oxalus raised $1.1M in Seed funding from IDGCVB and Kyber Ventures. Oxalus connects with ~200 partners worldwide and has ~900K users. Their platform combines social networking and NFT commerce, including an NFT marketplace and intelligent analytics tools. The funding will be used to expand the team and enhance data development.
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